Viking (NYSE:VIK) Reaches New 1-Year High – Here’s What Happened

Viking Holdings Ltd (NYSE:VIK)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.70 and last traded at $39.69, with a volume of 1677345 shares traded. The stock had previously closed at $38.72.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Stifel Nicolaus raised their target price on shares of Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised their target price on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Morgan Stanley raised their target price on shares of Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 20th. Finally, Barclays raised their target price on shares of Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.50.

Viking Stock Performance

The firm’s 50-day moving average is $35.53.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. Equities research analysts expect that Viking Holdings Ltd will post 1.13 EPS for the current year.

Institutional Trading of Viking

Hedge funds have recently bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Viking in the second quarter valued at approximately $2,226,000. U S Global Investors Inc. bought a new stake in shares of Viking in the third quarter worth $1,169,000. Forest Avenue Capital Management LP bought a new stake in shares of Viking in the second quarter worth $58,008,000. Canada Pension Plan Investment Board bought a new stake in shares of Viking in the second quarter worth $2,063,879,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Viking in the second quarter worth $11,685,000.

Viking Company Profile

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.